Invermay was Canada’s 4945th most expensive suburb by listed median house price this month.
While the median for Saskatchewan is $279,900 , which means that Invermay’s median price is $37,400 a lot lower than the rest of the province.
Across Saskatchewan Invermay has the 274th most properties on offer with 339.
Is Invermay a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Invermay there is about the same amount of stock than three months ago. This would indicate housing stock pressure remaining the same.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have the average number of bedrooms than the most commonly available across the nation.
Can we guarantee how well Invermay is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Invermay, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.